Helaba has refinanced an office park in Toulouse with a €34m loan. The deal demonstrates Helaba’s willingness to lend outside of the Paris, which dominates the French real estate market and where competition is at its greatest.
2 min read · 27 February 2015
The sell-off of Lloyds Banking Group’s UK real estate loan book is close to completion.
2 min read · 27 February 2015
After receiving one of the most acclaimed loans of 2014 at Saks Fifth Avenue, Hudson’s Bay Company is forming two joint ventures that are structured to facilitate IPOs and free up cash to grow its portfolio.
2 min read · 26 February 2015
Green Property is working on a complex, €650m refinancing of the 1.5m sq ft Blanchardstown town centre near Dublin.
2 min read · 26 February 2015
Royal Bank of Scotland revealed in its annual results this morning that £12.6bn of gross property loans remained within its “bad bank” division. But the bank also said that it is running one year ahead of schedule in its target, set in January 2014, to run down 85% of the Capital Resolution Group (RCR) book by […]
2 min read · 26 February 2015
Kennedy Wilson Europe Real Estate has secured a new €264m facility from the Bank of Ireland to finance a portfolio of assets in Ireland, the company revealed as part of its first full annual results this morning.
3 min read · 26 February 2015
Citi has financed the purchase of a £1bn non-performing loan portfolio for Cerberus Capital Management, Real Estate Capital can reveal.
2 min read · 25 February 2015
British Land has put in place a new £485m revolving credit facility at a margin of only 90bps. BL logo croppedThe unsecured facility is the lowest arranged in the UK by a listed real estate firm this cycle and is a reduction of 25bps on the facilities it is replacing. The margin beats the previous lowest of 105bps, arranged by Great Portland Estates in October last year
2 min read · 25 February 2015
A Qatari investment firm has received a $275m loan for its $513m purchase of The Manhattan at Times Square Hotel, city property records show. The buyer is Al Rayyan Tourism and Investment (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, which also owns the Radisson Blu Chicago and the St. Regis Bal Harbour Resort in Miami Beach, Florida.
1 min read · 24 February 2015
Prestbury Investments has appointed advisers to refinance the portfolio of Secure Income REIT ahead of a sale of the the REIT’s famous Madame Tussauds waxwork tourist attraction, Real Estate Capital can reveal.
3 min read · 24 February 2015
